Acrylic's 1m/3m Scalper Buy/Sell Signals
Acrylic's Scalper Signals uses a combination of RSI / Stochastic / Williams %R to calculate the perfect entry signals. The script(with it's default settings) has been optimized and thoroughly tested on BTC & ETH 1 and 3 minute time frames. It's intended for quick in and out trades that should only last a few minutes unless a strong trend is caught. Basic knowledge of market structure is needed, as you will not be taking every signal generated by the script.
You also have the option to display all signals regardless of the short term trend that has been confirmed by RSI. This can be good if you're looking for reversal entries at resistance/support levels.
-Large triangle signal: Strongest signal that was confirmed with RSI & Williams %R optimized calculations. (prints at current candle close)
-Small triangle signal: Fractal signal can be used as a late entry signal/continuation. (prints after 2 candle closes)
-Candle colors are matched to stochastic strength for added confluence to enter trades. (Must hide default trading view candles to see these)
-233SMMA color is matched to the extreme short term trend based off of RSI calculations.
Perfect Long Entry Setup Image:
1) EMA21 > EMA55 > EMA100 > SMMA233(Colored green for added confluence) - All pointing up indicating strong trend
2) Enter on pullback to short term EMA after signal candle closes. (Do not take entry if candles closed below 100EMA)
Perfect Short Entry Setup Image:
1) EMA21 < EMA55 < EMA100 < SMMA233(Colored red for added confluence) - All pointing down indicating strong trend
2) Enter on pullback to short term EMA after signal candle closes. (Do not take entry if candles closed above 100EMA)
Feel free to ask questions or leave feedback in the comments, I'm always looking to improve! Thanks!
You also have the option to display all signals regardless of the short term trend that has been confirmed by RSI. This can be good if you're looking for reversal entries at resistance/support levels.
-Large triangle signal: Strongest signal that was confirmed with RSI & Williams %R optimized calculations. (prints at current candle close)
-Small triangle signal: Fractal signal can be used as a late entry signal/continuation. (prints after 2 candle closes)
-Candle colors are matched to stochastic strength for added confluence to enter trades. (Must hide default trading view candles to see these)
-233SMMA color is matched to the extreme short term trend based off of RSI calculations.
Perfect Long Entry Setup Image:
1) EMA21 > EMA55 > EMA100 > SMMA233(Colored green for added confluence) - All pointing up indicating strong trend
2) Enter on pullback to short term EMA after signal candle closes. (Do not take entry if candles closed below 100EMA)
Perfect Short Entry Setup Image:
1) EMA21 < EMA55 < EMA100 < SMMA233(Colored red for added confluence) - All pointing down indicating strong trend
2) Enter on pullback to short term EMA after signal candle closes. (Do not take entry if candles closed above 100EMA)
Feel free to ask questions or leave feedback in the comments, I'm always looking to improve! Thanks!
Release Notes:
Changed default settings to optimized 1 minute settings.
1 Minute preferred settings:
RSI Length: 10
EMA3: 144
SMMA: 377
3 Minute preferred settings:
RSI Length: 14
EMA3: 100 (or 144, up to what you like here. Do some back testing between the two, pick the one that acts like a better support/resistance)
SMMA: 233
-Removed candle colors (Will readd once i recode to something that looks better)
-Can now change colors of everything
1 Minute preferred settings:
RSI Length: 10
EMA3: 144
SMMA: 377
3 Minute preferred settings:
RSI Length: 14
EMA3: 100 (or 144, up to what you like here. Do some back testing between the two, pick the one that acts like a better support/resistance)
SMMA: 233
-Removed candle colors (Will readd once i recode to something that looks better)
-Can now change colors of everything
Release Notes:
Added momentum candle colors:
Green: Strong Buy
Blue: Weak Buy(Look for shorts)
Red: Strong Sell
Yellow: Weak Sell(Look for longs)
Green: Strong Buy
Blue: Weak Buy(Look for shorts)
Red: Strong Sell
Yellow: Weak Sell(Look for longs)
Release Notes:
Bug Fix
Release Notes:
Updated momentum candles to better reflect price trend, and reversal points.
Green: uptrend
Red: downtrend
Yellow: reversal possible
Green: uptrend
Red: downtrend
Yellow: reversal possible
Release Notes:
Candle color performance update. Switched to Macd/Stoch/Rsi calculations.
Release Notes:
Image Update